1. Chase Cd Ladder Interest Rates
2. What Is The Interest Rate On A Cd At Chase Bank
3. Chase Bank Best Cd Rates
4. Chase Cd Interest Rates 2019

A CD's APY depends on the frequency of compounding and the interest rate. Since APY measures your actual interest earned per year, you can use it to compare CD's of different interest rates. CD ladders can be opened by a banker at any branch, but cannot be opened online at this time. All 4 CDs in a ladder are opened at the same time, for the same amount, with a minimum of $1,000 in each CD. CD ladders can be opened only for qualifying Chase Private Client or Business Banking clients. There are no interest rate tiers here – these rates apply to all balances above the minimum deposit. Yields range from 0.35% APY on the 6-month CD to 0.55% APY on the 36-month. Minimum Deposit: $500 minimum. Special CDs and Rates: Bank5 Connect offers a special Investment CD with a 24-month term. Unlike a regular CD, you can make as many.

As an investment the interest rate is way below the national average but as a rainy day fund it is a great place for me to access my emergency funds without penalty or long waiting periods. The rewards have been helpful and the locations in my area are plentiful. Chase CD Rates Q&A. Get answers to your questions about Chase CD Rates below. Chase Bank’s CD interest rates don’t even come close to the current top competitors for best CD rates. While it’s nice that it offers many different term length options, this isn’t what.

Please turn on JavaScript in your browser

It appears your web browser is not using JavaScript. Without it, some pages won't work properly. Please adjust the settings in your browser to make sure JavaScript is turned on.

Build a Certificate of Deposit (CD) ladder

• Overview
• How CD Ladders work
• Account benefits
• Find a branch
• FAQs

Make your savings work harder for your business

A CD ladder allows you to open four CDs at the same time, for the same amount, but maturing at staggered intervals.

Here’s an example for a 12-month CD ladder:

You open four CDs at the same time, with 3-, 6-, 9- and 12-month terms.

When each CD matures, its new term automatically changes to 12 months.

The result is four 12-month CDs, with one maturing every three months.

Design your personalized CD laddering strategy today.

More benefits of a CD ladder

Cash is available at planned intervals to help cover expenses.

CDs that reach maturity can be rolled into a new CD that matches the APY and term of the longest CD or you can use the money.

You’ll earn a fixed interest rate and have the security of FDIC insurance.

Go to your local branch to get started

Frequently Asked Questions

What is a CD ladder?

A CD ladder is a group of CDs opened at the same time for the same amount, but with different terms. When each CD matures, its term will change to the longest term of the ladder.

What are the benefits of a CD ladder?

A CD ladder allows you to earn interest over time and potentially take advantage of rising rates while also providing you with steady access to your money.

What are the term options for a CD ladder?

We offer two CD ladders: A 4-month CD ladder made up initially of 1-, 2-, 3- and 4-month term CDs, and a 12-month CD ladder made up initially of 3-, 6-, 9- and 12-month term CDs. Each CD in the ladder receives its own unique account number and CD receipt at account opening.

How do I open a CD ladder?

CD ladders can be opened by a banker at any branch, but cannot be opened online at this time. All 4 CDs in a ladder are opened at the same time, for the same amount, with a minimum of $1,000 in each CD. CD ladders can be opened only for qualifying Chase Private Client or Business Banking clients.

Will each CD in the ladder renew automatically?

Each CD will automatically renew to the longest term of the ladder (either 4 or 12 months). You'll be reminded of the new term on your CD Maturity Notice, which you'll receive as each CD in the ladder reaches maturity.

Can I add or withdraw money once the CD in a ladder matures?

You may add or withdraw money in a CD during the grace period following each CD’s maturity date.

Chase Cd Ladder Interest Rates

How do interest rates work for CD ladders?

Interest rates vary based on the account balance at opening or renewal. See the CD ladder section of the Deposit Rate Sheet for the specific interest rate for each CD term in a ladder.

Can I change a standard CD to a CD ladder?

A standard CD cannot be changed to a CD ladder. However, once your CD matures you can choose to withdraw funds from your standard CD and open a CD ladder as a group of 4 CDs.

• Competitive promotional interest rates
• Suite of bank accounts available

• High minimum deposit
• Low-earning rates outside of promotional CDs

• SunTrust customers who want to benefit from high-earning timed deposits

SunTrust offers certificate of deposit accounts ranging from six months to 2 years. This allows you to open a CD term for however long you’d like it to be within that range. You won’t find the rates for non-promotional terms online, however. You’ll need to call the bank to find the exact rates for these accounts. Unfortunately, these accounts offer relatively low rates.

You’ll do best to open a SunTrust CD with Promotional Rates. Note that you will have to deposit at least $2,000 to open a SunTrust CD account. This may be a high amount for many, but a higher balance does earn more in interest than a smaller balance.

What Is The Interest Rate On A Cd At Chase Bank

6-Month CD Interest Rate Comparison

Overview of SunTrust CDs

SunTrust offers a huge range of CD terms overall with the shortest term at six months and the longest available term at 2 years. However, you’ll want to focus most on the Promotional CDs listed above. Those have the best CD rates that SunTrust offers. For example, if you want to open a six-month account, you’ll earn at only a 0.05% APY. If you’re looking for a shorter-term, perhaps a simple savings account or money market account with a higher interest rate would work better for you. Those accounts allow much more flexibility in accessing your money, too.

CDs are meant to be held to maturity without any extra deposits or withdrawals. Once a SunTrust CD reaches maturity, it will automatically renew for the same term length and the published rate at the time of renewal. If you don’t want it to renew, you can withdraw some or all of the amount in the account or make an additional deposit.

If you desperately need to make a withdrawal from a CD before its maturity date, you’ll likely face a penalty. For starters, if you have a CD up to 31 days long, you’ll have to forfeit the equivalent of seven days’ interest. Accounts from one to six months assess a penalty equivalent to six months’ interest. Early withdrawals from an account of six to 12 months penalize the equivalent amount of nine months’ interest. The penalty equals 12 months’ interest on accounts between 12 and 24 months, 24 months’ interest on accounts between 24 and 60 months and 6 months’ interest on accounts longer than 60 months.

How Much You Earn With SunTrust Certificate of Deposits Over Time

You stand to earn much more with a longer-term SunTrust Promotional CD. Even with a promotional rate, the 6-month CD earns a few dollars over the term no matter what your initial deposit is. Any promotional terms longer than that, however, offer some great growth as you can see below.

SunTrust compounds CD interest daily. This grows your money more efficiently than compounding weekly, for example. With daily compounding, your initial deposit will earn interest today, and then tomorrow that new amount (your deposit plus interest earned) will earn interest again and so on until the account matures.

The amounts given below represent what your final balance would look like with the given accounts and initial deposits.

Chase Bank Best Cd Rates

How SunTrust CDs Rates Compare to Other Banks'

If you wanted to open a regular SunTrust CD, you wouldn’t get any standout rates or earnings. Instead, consider opening a Promotional CD, the accounts with higher-earning rates. That way, you can make more out of your initial deposit.

SunTrust’s Promotional CD rates fall somewhere in between the low rates of big banks (like Chase) and the best CD rates from online banks. Its closest competitor in terms of rates is HSBC. HSBC offers only the three terms shown below, although each has a pretty high rate. Plus, HSBC requires a lower initial deposit amount of $1,000.

For even higher CD rates, you’ll want to turn to online banks like Ally and Marcus by Goldman Sachs. Ally is hugely beneficial since it does not require a minimum deposit. This allows you to set aside whatever amount you feel comfortable with. Ally High Yield CDs earn according to balance tiers which means a higher balance can earn at a higher rate. The Ally rates below are for the lowest tiers.

Marcus offers higher rates across all balances, although you need at least $500 to open a CD account.

Compare SunTrust Bank to Other Competitive Offers

Should You Get a SunTrust CD Account?

You should consider getting a SunTrust CD account if you’re already a customer with the bank. This will make it much easier for you to contact the bank about its CD accounts and rates, whether at a branch or over the phone. Otherwise, you might have difficulty learning about the various rates offered for non-Promotional CDs.

Chase Cd Interest Rates 2019

If you decide that you do want to open a SunTrust CD, you should strongly consider a Promotional CD. These accounts offer much better rates which make your deposit and the hassle of opening an account much more worthwhile.